Innovation, Agricultural Productivity and Sustainability in Korea
Agriculture in Korea is under increasing pressure to meet changing domestic demand,
improve its productivity to keep up with the country's competitive manufacturing sector,
and become more competitive at the international level. To date, the government has
offered extensive support to farm income via price support, direct payments, preferential
tax treatment, and reduced input prices. However, a more comprehensive policy approach
is required to address the low-income problem in agriculture, and a more comprehensive
rural development policy is also required to create employment opportunities for the
younger generation.
Korea should explore its potential to export niche agricultural products and processed
food that reflect its rich and unique food culture. To unleash the sector’s potential,
agricultural policy should focus on improving the productivity and sustainability
of commercial enterprises and develop the food processing sector. The country's agricultural
innovation system should become more integrated and collaborative, benefiting from
its strong competitive advantage in Information and Communication Technology (ICT).
Published on December 05, 2018Also available in: Korean
In series:OECD Food and Agricultural Reviewsview more titles